Even more important, however, are the effects from Hurricane Sandy, Cramer said. In many areas of New Jersey, for example, homeowners are still not even allowed to survey the damage, let alone begin to repair it.

"We just don't know the extent of the damage," Cramer said, but the rebuilding efforts will surely be a tailwind for these stocks.

Of the two, Cramer said Home Depot remains his favorite because the company reported a stellar quarter but was drowned out by fiscal cliff concerns.

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